Banking and Financial, ACF, College, Arbitrator for Financial Disputes, Rome, Decision no. 88 of 25 October 2017, subscription of shares of real estate fund, ascertainment of grounds for invalidity of the framework contract pursuant to art. 23 TUF and 1418 c.c.
DONE In the appeal, examined together with the complaint and the attached documentation, the applicant reports that it had signed in December 1998 n. 21 units of a closed-end real estate fund placed by the intermediary, for a value of ITL 214,200,000. The value of these shares at December 31, 2016 was reduced to € 34,422.57. The applicant complains that the intermediary acted in a conflict of interest and that it did not provide it with adequate information, in particular with regard to the duration of the investment, which would not have been compatible with her age and family situation, both...
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